For fifteen years, Millennium Practice Management Associates, Inc. has been supporting doctors and healthcare providers in the tri-state area, and we now represent over 600 physicians, hospitals and medical groups. Yet Millennium is much more than a medical billing company. Our detailed and hands-on approach allows doctors and healthcare providers to focus on what they do best: practicing medicine. From billing, to coding to developing strategic business plans, Millennium has the experience that can help any size medical provider get their practice running smoothly, increasing productivity and gaining revenue. These services are included with our medical billing or are available on an as needed basis.

What Makes Millennium Different?

Our clients see us as an extension of their practice. We build relationships with our clients. We’re approachable, available and are there to assist you in virtually any aspect of your business.

Our team is highly trained. Our principal partners, management team, coders and support staff are up to date on the newest coding initiatives and speak with our clients regularly to ensure quality service.

Our experience is unparalleled. Our level of experience and understanding of the medical coding and billing industry has consistently helped clients reach their maximum level of efficiency and increased their revenues.

Oversight of Day-to-Day Operations

Our experienced and highly trained team will conduct an initial operational assessment of your practice.

As an additional resource to you and your staff, we research, recommend and advise you on strategic changes to help enhance your practice and only implement them upon your approval.

On a regular basis, we personally meet with the practice officers and administrators.

We advise you on cost containment programs, human resource issues and compliance with Government mandated programs, such as HIPAA, OSHA and Labor Laws. In addition, we oversee:

• Staff productivity
• Financial policies and over-the-counter collection protocols
• Front office registration and discharge procedures
• Laboratory compliance
• Provider Satisfaction
  • Patient flow, accessible supplies and equipment, timely return of test results and consult reports, accurate message taking
• Patient Satisfaction
  • Waiting time, telephone responsiveness and sensitivity, notification of test results
• Clinical systems
• Follow-up logs, chart preparedness, documentation, patient callbacks

Billing, Coding & Collections

Chances are good that you're under-billing for your services due to fear of audits and lack of understanding of coding, you could be losing up to $50,000 annually.

Over the years, we have developed strong relationships with various payors. These relationships mean our team can help accelerate your payments and overcome denials. All of our clients can access their accounts online so that you have real-time information on your claims. Our team of expert coders and billing associates has consistently improved our clients’ collection follow-up, payment timeliness and denial reduction.

Our staff of certified coders will review your charts on a regular basis to ensure appropriate documentation. Individual feedback is provided to clients in training sessions using their own data.

Millennium’s comprehensive program ensures you have access to our billing, managed care and scheduling system. Our proven system can:

• Improve coding
• Improve collection follow-up
• Accelerate payments and overcome denials
• Allow for daily electronic claims submission
• Generate monthly productivity reporting
• Profile managed care rates

Consulting Services

Our consulting services focus on enhancing practice revenue.

Millennium provides many professional consulting services. Our consulting projects have included such work as:

• Billing Department Re-Engineering
• Coding and Documentation Review
• Managed Care Strategic Planning
• Marketing Planning, Staffing, Management and Training
• Operational Restructuring
• Financial Analysis and Recovery Planning
• Productivity Enhancement

Electronic Medical Records

As a full-service medical billing and physician practice management company, we can work with your existing system or we can do your billing with our proprietary software. Our technology allows you additional control over your practice with the ability to interface our billing application to an EMR you’re currently using, or will have in the future.

Here is a sample of systems we are proficient in:

• AdvancedMD
• Allscripts
• AthenaHealth EMR
• ChartLogic
• CureMD
• eClinicalWorks
• Eclypsis
• Epic
• e-MDs
• GE Healthcare
• Greenway
• HealthPort
• Intergy/Sage
• MDOffice
• MedcomSoft
• MedicsElite/ADS
• MEDENT
• Meridian
• MicroMD
• Mysis
• NextGen
• Practice Partner
• SequelMed
• SRSoft

Managed Care, Credentialing & Negotiations

We have been extremely successful in assisting practices with negotiating substantially enhanced payment rates.

Hand over the tedious credentialing process to us. Our experts review all managed care agreements and advise which plans to participate in, recommend an appropriate out-of-network strategy and assist with the implementation of a managed care plan.

Since nearly all managed care agreements have 90-day termination clauses, we assist practices in approaching every contracted managed care entity to reopen the negotiation process.

Reimbursement Maximization Checklist

Reimbursement Maximization Checklist

Are you getting fully paid for what you do?

If you answer “No” to any of the following questions, you’re not maximizing your collections.

1. Do you know what your Managed Care contracted rates are?
2. Are more than 10 percent of your Account Receivables over 120 days?
3. Are you under coding out of fear of audits?
4. Have you negotiated enhanced payment rates?
5. Has your managed care provider relations representatives reviewed and resolved your open claims in the last 30 days?
6. Do you have a reconciliation system to make sure all of your services are billed?
7. Have you updated your fee schedule in the last year using a valid benchmark?
8. Have you evaluated your distribution of office visit codes and compared them to nationally recognized standards?
9. Do you receive payments by electronic funds transfer?
10. Are you receiving compensation from your hospital for your services paid to them under global contracts?
11. Do you appeal all denied claims?
12. Do you file all claims electronically each day?

Goal-Oriented Strategic Business Planning

Every practice should have a five year growth plan developed and ready for implementation.

We’ll help you with a strategic business plan that includes physician recruiting, ancillary services, financing, adding locations and strategic partnerships.

As part of the strategic planning, we tailor each plan to include revenue-enhancing business development concepts, such as:

• Diagnostic and therapeutic centers
• Diagnostic testing
• In-house radiological services
• Investigational drug programs
• Mid-level providers
• Patient Education
• Physical therapy

No-Cost Benchmarking Review

Millennium Practice Management Associates, Inc., is offering a No-Cost Benchmarking Review of your accounts receivable, billing procedures and EMR integration. This review will be performed on-site by a principal of our firm, a $2,500 value. This review is a way to ensure that you are aware of any billing issues that negatively impact your income.